COGNEX CORP - FORM 10-K - EX-10.U - EX-10U SUMMARY OF DIRECTOR COMPENSATION - February 11, 2010

Attached files

file filename
EX-14 - EX-14 CODE OF BUSINESS CONDUCT AND ETHICS AS AMENDED MARCH 12, 2004 - COGNEX CORPb78676exv14.txt
EX-21 - EX-21 SUBSIDIARIES OF THE REGISTRANT - COGNEX CORPb78676exv21.htm
EX-31.1 - EX-31.1 SECTION 302 CERTIFICATION OF CHIEF EXECUTIVE OFFICER - COGNEX CORPb78676exv31w1.htm
EX-32.2 - EX-32.2 SECTION 906 CERTIFICATION OF CHIEF FINANCIAL OFFICER - COGNEX CORPb78676exv32w2.htm
EX-10.T - EX-10T SUMMARY OF ANNUAL BONUS PROGRAM - COGNEX CORPb78676exv10wt.htm
EX-10.S - EX-10S SUPPLEMENTAL RETIREMENT AND DEFERRED COMPENSATION PLAN EFFECTIVE APRIL 1, 1995 - COGNEX CORPb78676exv10ws.txt
EX-31.2 - EX-31.2 SECTION 302 CERTIFICATION OF CHIEF FINANCIAL OFFICER - COGNEX CORPb78676exv31w2.htm
EX-23.1 - EX-23.1 CONSENT OF GRANT THRONTON LLP - COGNEX CORPb78676exv23w1.htm
EX-32.1 - EX-32.1 SECTION 906 CERTIFICATION OF CHIEF EXECUTIVE OFFICER - COGNEX CORPb78676exv32w1.htm
EX-10.AA - EX-10AA MEMORANDUM TO ERIC CEYROLLE REGARDING SEPARATION, DATED APRIL 24, 2009 - COGNEX CORPb78676exv10waa.htm
10-K - COGNEX CORPORATION - COGNEX CORPb78676e10vk.htm
EX-10.Q - EX-10Q FORM OF STOCK OPTION AGREEMENT (NON-QUALIFIED) UNDER 1998 NON-EMPLOYEE DIRECTOR STOCK PLAN - COGNEX CORPb78676exv10wq.htm
EXHIBIT 10U
COGNEX CORPORATION
SUMMARY OF DIRECTOR COMPENSATION
Cognex Corporation (the “Company”) pays each Director (other than Robert J. Shillman and Patrick A. Alias) an annual fee for his services on the Company’s Board of Directors and its committees, plus additional amounts for participation in on-site and telephonic meetings. The amounts paid on or after April 23, 2009 were reduced by 10% as part of the Company’s cost-cutting efforts. As a result, each Director receives cash compensation in the amount of $6,750, plus an additional $4,500 for each meeting attended in person before April 23, 2009 and $4,050 for each meeting attended in person on or after April 23, 2009. Each Director receives $500 for each meeting attended via telephone before April 23, 2009 and $450 for each meeting attended via telephone on or after April 23, 2009. Each Director who serves on the Compensation/Stock Option Committee of the Company’s Board of Directors receives an annual fee of $2,000, plus $500 for each meeting attended before April 23, 2009 and $450 for each meeting attended on or after April 23, 2009 if the meeting is on a day other than that of a Board meeting. Each Director who serves on the Audit Committee of the Company’s Board of Directors receives an annual fee of $4,500. The Chairman of the Audit Committee receives an additional fee of $3,000 for the year. Each Audit Committee member receives an additional $500 for each telephonic meeting attended to discuss the Company’s financial results and related topics if the meeting was before April 23, 2009 and $450 if the telephonic meeting is on or after April 23, 2009. And, each Director who serves on the Nominating Committee receives an annual fee of $500.
Dr. Shillman, who is the Company’s Chief Executive Officer and President, and Mr. Alias, who is a non-executive employee of Cognex, receive no additional cash compensation to serve on the Company’s Board of Directors.
The Directors (other than Dr. Shillman) are eligible to receive an annual stock option grant as determined by the Compensation Committee.

 

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